Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, the trade minister said on Monday.
Sri Lanka's push to build infrastructure and develop its industries presented prospects for Singapore firms to partner with companies in the Indian Ocean nation and contribute to its growth, S. Iswaran said in a statement.
"Amidst an uncertain economic environment, Sri Lanka offers good potential for Singapore companies looking to tap opportunities in new markets," he said.
The Indian Ocean island was Singapore's 39th largest trading partner last year, with two-way trade of S$2.05 billion ($1.52 billion), Singapore's Ministry of Trade and Industry said.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
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